Sentry Insurance, one of the largest mutual insurance groups in the United States, has partnered with Falvey Insurance Group to offer admitted and non-admitted cargo capacity to Falvey’s broker partners.
Falvey is a niche leading managing general agent (MGA) offering several property and casualty solutions focused on the supply chain and trade including one of the largest providers of cargo and vessel pollution insurance in the US.
Jack Falvey, Chief Operating Officer of the Group, said: “Falvey’s partnership with Sentry allows us to continue to support the needs of the growing and complex supply chain and to better service brokers and their clients.
“On top of Sentry’s stellar reputation and operational excellence as an A.M. Best rated A+ (superior) insurance company, Sentry is known for its dedication to fostering long-term relationships. The whole organisation at Sentry has been phenomenal to work with and we look forward to growing the relationship with the Sentry team in the future. All of these attributes make Sentry the perfect partner for Falvey.”
Heather Schenker, Head of Specialty at Sentry, added: “Sentry is excited to partner with a trusted industry leader like Falvey Insurance Group. Our expansion into the marine cargo segment is the next step into growing as an industry leader in the specialty space.
“The combination of Sentry’s financial strength and Falvey’s expertise only create more opportunities to offer comprehensive protection to the marine cargo industry.”
Additionally, through this partnership, Sentry – which launched its specialty lines division in 2022 – joins Falvey’s existing security partners, which includes Lloyd’s of London, Chubb, Beazley, Ascot, Starr Insurance Companies, Accredited Surety and Casualty Company, and Great American Insurance Group.
Commenting on this partnership, Falvey’s Chief Relationship Officer, Brad Eldridge, said: “Partnering with Sentry presents an exciting opportunity to expand our footprint within our specialty. This collaboration will enhance our capabilities and provide even greater value to our customers.”
Scott Miller, President Commercial Insurance at Sentry, added: “From the onset, we recognized how passionate Falvey was about the cargo industry. Their commitment and expertise is exactly what we’re looking for in a partner. Couple that with a proven track record in their results, we’re excited what the future holds for this partnership. The Falvey’s have built a tremendous business.”
